NSE ESCORTS - could break below 1900 and all the way to 1700* Momentum to the downside with alll the loving average on top of each other
* Momentum is trending lower with a squeeze taking it below 1900 very likely
* IV is quite low (25%) for this stock and hence the put sellers could panic is the stock goes below 1900 selling aggresively
* Stop at 2050 and a target of 1800 (if and when 1900 is cleared)
Indianstocks
NSE NTPC stay strong in any market weakness, TP 190 with calls
As nifty is expected to go below 17300 on March 13 Market opening - NTPC could be a winner
Close to life highs, very strong buying / switching from high beta stocks
IV is very low (14%) and the call sellers could panic when the stock goes above 183 (life high) - this has been tested once already
Keep stop at 172 - which is the logical resistance and expect to see 190 within the month. Buying calls (very cheap) is the right way to trade this
JK PAPER - 40% RETURNSBUY - JK PAPER
CMP - Rs. 384
Target - 1: Rs. 407
Target - 2: Rs. 464
Target - 3: Rs. 532
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Technicals - 1) Stock is at Support in a range-bound market(short term)
2) Harmonic Pattern - Navarro 200
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Comment: 1) Historical performance indicates price will consolidate before reaching Target - 3
2) This means that Target - 1 and 2 will be achieved in short term, while Target - 3 will be achieved in long term.
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IEX - 100% RETURNS?BUY - INDIAN ENERGY EXCHANGE
CMP - Rs. 152
Target - 1: Rs. 172
Target - 2: Rs. 196
Target - 3: Rs. 246
Target - 4: Rs. 301
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Technicals - Ascending Triangle - Chart Pattern
Bullish Harmonic Pattern
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This post is for educational purposes only. Invest at your own risk.
BANKNIFTY - Stay Short* Touched the trend channel and now turning lower
* Will test the low of 39500 before a bounce back - that maybe a place to take some profits
* 39000 can be taken out as all components - HDFC, ICICI, SBIN and Kotak are showing breakdowns below key levels
* Will have intermitten boucne backs - however those have to be sold
* IV at 14% is still very low given the risk of sell off.
But Apr puts at 41000 for 600 - that only 1.5% premium for a 45 day trade
Bank Nifty: Friday - 10/03/23Levels:
Support: , 41200, 40900, 40700-40650
Resistance: 41300, 41500, 41650
OI Data:
---------------------------------------------------------------------|
Bank Nifty => Price: 41256.75
ATM: 41300 , ITM: 41200, 41100, 41000 , OTM: 41400, 41500, 41600
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Highest OI Call in Bank Nifty per OI data: 41300
Highest OI Put in Bank Nifty per IO data: 41200
Nearest Major Resistance in Bank Nifty per OI data: 41700
Nearest Major Support in Bank Nifty per IO data: 40800
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Trade setup:
+++++++++++++++++++++++++++++++++++++++++
Trade | Level | SL | T1 | T2
-----------------------------------------
BUY | > 41300 | 41230 | 41500 | 41650
-----------------------------------------
SELL | < 41200 | 41280 | 41000 | 40850
+++++++++++++++++++++++++++++++++++++++++
Bank Nifty: Monday - 06/03/23Levels:
Support: 41200, 40900, 40700-40650
Resistance: 41250, 41320, 41460, 41750, 41900
OI Data:
---------------------------------------------------------------------|
Bank Nifty => Price: 41251.35
ATM: 41300 , ITM: 41200, 41100, 41000 , OTM: 41400, 41500, 41600
---------------------------------------------------------------------|
Highest OI Call in Bank Nifty per OI data: 42000
Highest OI Put in Bank Nifty per IO data: 41000
Nearest Major Resistance in Bank Nifty per OI data: 41600
Nearest Major Support in Bank Nifty per IO data: 41100
---------------------------------------------------------------------|
Trade setup:
+++++++++++++++++++++++++++++++++++++++++
Trade | Level | SL | T1 | T2
-----------------------------------------
BUY | > 41350 | 41250 | 41500 | 41650
-----------------------------------------
SELL | < 41200 | 41300 | 41000 | 40850
+++++++++++++++++++++++++++++++++++++++++
Nifty: Monday - 06/03/23Levels:
Support: 17580-570, 17530, 17475
Resistance: 17630, 17720, 17830
OI Data:
---------------------------------------------------------------------|
Nifty => Price: 17594.35
ATM: 17600 , ITM: 17550, 17500, 17450 , OTM: 17650, 17700, 17750
---------------------------------------------------------------------|
Highest OI Call in Nifty per OI data: 18000
Highest OI Put in Nifty per OI data: 17500
Nearest Major Resistance in Nifty per OI data: 17650
Nearest Major Support in Nifty per OI data: 17350
---------------------------------------------------------------------|
Trade setup:
+++++++++++++++++++++++++++++++++++++++++
Trade | Level | SL | T1 | T2
-----------------------------------------
BUY | > 17650 | 17610 | 17750 | 17800
-----------------------------------------
SELL | < 17580 | 17620 | 17500 | 17450
+++++++++++++++++++++++++++++++++++++++++
Falling wedge pattern breakout in BATAINDIA.BATAINDIA
Key highlights: 💡⚡
✅On 1Hr Time Frame Stock Showing Breakout of Falling wedge Pattern .
✅ Strong Bullsih Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1520+.
✅Can Go short in this stock by placing a stop loss below 1410-.
✅breakout this can give risk:reward upto 1:9+.
Triangle pattern breakout in SYNGENESYNGENE
Key highlights: 💡⚡
✅On 1Hr Time Frame Stock Showing Breakout of triangle Pattern .
✅ Strong Bullsih Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 600+.
✅Can Go short in this stock by placing a stop loss below 565-.
✅breakout this can give risk:reward upto 1:4+.
Nifty: Monday - 13/01/23Levels:
Support: 17815, 17780, 17650, 17550
Resistance: 17875-17900, 17970
OI Data:
---------------------------------------------------------------------|
Nifty => Price: 17856.5
ATM: 17850 , ITM: 17800, 17750, 17700 , OTM: 17900, 17950, 18000
---------------------------------------------------------------------|
Highest OI Call in Nifty per OI data: 18000
Highest OI Put in Nifty per OI data: 17800
Nearest Major Resistance in Nifty per OI data: 17950
Nearest Major Support in Nifty per OI data: 17650
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Trade setup:
+++++++++++++++++++++++++++++++++++++++++
Trade | Level | SL | T1 | T2
-----------------------------------------
BUY | > 17920 | 17860 | 18000 | 18050
-----------------------------------------
SELL | < 17770 | 17820| 17700 | 17650
+++++++++++++++++++++++++++++++++++++++++
Nifty: Friday - 10/02/23Levels:
Support: 17825, 17750, 17660, 17550
Resistance: 17915, 17975, 18085, 18175
OI Data:
---------------------------------------------------------------------|
Nifty => Price: 17893.45
ATM: 17900 , ITM: 17850, 17800, 17750 , OTM: 17950, 18000, 18050
---------------------------------------------------------------------|
Highest OI Call in Nifty per OI data: 17900
Highest OI Put in Nifty per OI data: 17800
Nearest Major Resistance in Nifty per OI data: 18050
Nearest Major Support in Nifty per OI data: 17650
---------------------------------------------------------------------|
Trade setup:
+++++++++++++++++++++++++++++++++++++++++
Trade | Level | SL | T1 | T2
-----------------------------------------
BUY | > 17930 | 17880 | 18000 | 18050
-----------------------------------------
SELL | < 17750 | 18000| 17700 | 17640
+++++++++++++++++++++++++++++++++++++++++
NIFTY INTRADAY SET-UPMaybe tomorrow nifty trading between this range 17900 to 17600.
highest call oi 18000 ,It act as a major resistance .
Hghest put oi 17500,It act as a major support
17700 is a crucial range ,It holds both put and call OI .
PCR,0.6 VOLUME PCR,0.9 .Maybe tomorrow we expect slightly Sideways BEARISH TREND.
Tomorrow RBI meeting will be held at 10 AM .